NCR scheme secures £670m buy-in with PIC

clock

The NCR pension plan has entered into a £670m buy-in with Pension Insurance Corporation (PIC) covering 5,400 members of the consumer transaction tech firm's subsidiaries in the UK.

The plan's chair of trustees Stephen Swinbank said advisers Towers Watson and Reed Smith led the process and carried out a full tender process to select the most appropriate insurer. NCR vice pr...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Section of the MMC UK scheme completes £1.9bn buy-in with Standard Life

Section of the MMC UK scheme completes £1.9bn buy-in with Standard Life

Transactions insures the benefits of 6,500 scheme members

Holly Roach
clock 06 August 2025 • 2 min read
DB scheme funding improves in July, Broadstone finds

DB scheme funding improves in July, Broadstone finds

Broadstone Sirius Index records fully hedged scheme position at 70.9%

Jasmine Urquhart
clock 06 August 2025 • 1 min read
National Grid scheme secures £900m buy-in with Rothesay

National Grid scheme secures £900m buy-in with Rothesay

Third deal between the pair takes de-risked liabilities with Rothesay to £4.5bn

Holly Roach
clock 05 August 2025 • 3 min read
Trustpilot